Real Estate Market Updates
- Home prices increased dramatically over the last year across the major Texas metropolitan areas:
- Greater Austin: +31% for single-family homes; +31% for condos
- Dallas-Fort Worth Metroplex: +23% for single-family homes; +21% for condos
- Greater Houston: +19% for single-family homes; +19% for condos
- Greater San Antonio: +17% for single-family homes; +22% for condos
- Home sales remained elevated despite historically low inventory, which reflects the high demand in Texas.
- Months of Supply Inventory further indicates a sellers’ market. Homes are selling quickly as buyers compete over the limited inventory.
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